STX strike energy limited

Ann: Highly significant gas discoveries at Erregulla Deep-1, page-27

  1. 618
    3,586 Posts.
    lightbulb Created with Sketch. 2732
    So we have potential 4 payzones with Wagina not being able to be logged due to poor bore hole condition, IRCM (4m), Kingia(26m) and HC (2m). So the total net pay is current confirmed to be 32m but could potentially be over 40m, over a very large aereal extent. The reservoir pressure is enormous at over 7800psi. This pressure would be even more significant if they used a large production casing.

    Hopefully those who nearly had a heart attack watching some random (dumb) bots putting in useless orders in a stock that was halted will learn to ignore the "smoke signals" going fwd and wait for the facts

    618
 
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